says, mr. trump, i am an eighth generation american of mexican descent. i live in california, you have my vote. i want to help other hispanics see the truth. she talks about how the current administration charlene says, what would you say to convince hispanics besieged by barack obama and hillary clinton and the biased media to vote for you? mr. trump: thank you very much. i appreciate. there was a gentleman who owns a radio station, all hispanics, and he was arguing with one of the hosts. he said you don't understand, the people who are calling in, hispanics, they're all for truck. i said i was even surprised, but i'm for trump also very this is happening more and more. . just got back from las vegas we had a tremendous crowd of people. and latinos, they like to be called in that area, you know

that, right? hispanics and latinos. we had tremendous response, just tremendous outpouring of love. and you know, people that are here illegally, they don't want people coming across the border illegally taking their jobs, homes, where they want to take. and we want people to come in. i want you would come in so bad, but have to come and legally. we have a country and we have laws. we have a border. and if you have a border, you don't have a country. i think the biggest surprise, two surprises, we are going to do great with african-american. you look at what is happening with inner cities, it is a disgrace. and the democrats have been running the for up to 100 years. and the african-americans, believe me, i think we are doing -- you see how the numbers are changing. one thing they don't have a lot of confidence in hillary clinton, she has lied to them for years, she does not produce, she just does not produce. but i think we're going to do great with the african-americans. you look at the poverty in the

inner cities, the crime, the education and there are no jobs, we are going to do fantastic with hispanics. i believe that. [applause] we are keeping it. whitaker, from here in sandown. mr. trump: hi, karen. thank you. i like this audience. [applause] >> how do you define the income range for middle-class? they cannot be based upon where you live, because the tax goes to discriminate on geography. mr. trump: taxes are too high, jobs have been taken away from you. a lot of our companies, a lot of great companies have left our country. they have gone to mexico and other places. china is making so much of our product, we don't make any product anymore, like we used to. such a great question, because the middle class has been

treated so badly by the politicians. we are lowering taxes, as you know, way down for the middle class. we are changing the tax structure completely. we had seven brackets, now we have three. and we are bringing it down actually for those making not a lot. it is zero. and we don't want them because it is huge bureaucratically and extremely costly, but we are bringing the race down to numbers that are much lower. you have seen the numbers. much lower. and you are going to have a much lower tax rate. hillary clinton is raising your taxes way up. i don't even know what she's thinking. we are already the highest taxed nation in the world. every once a while, they will fact check me. now, there is a nation you have never heard of. we are just about, of the industrialized nations, we are the highest taxpayers in the world. we are the highest taxed nation in the world. business will be 35%, 50%, we're

cutting regulations. we want regulations, for environmental. we want regulations, for safety. but the regulations are massive, their massive. and we're cutting the regulations at a tremendous slope, and i would say 70% of the regulations can go.it is just stopping businesses from growing . and i think you are going to see a tremendous change in this country. we are going to see jobs come back. we're going to seek countries them back into the country. we are leaving. it is a one-way street. we have a one-way street right out of the country and they are going largely to mexico and other places, but mexico is the eighth wonder of the world. i have a friend who builds these massive plants. he says you have to see what is going on in mexico. i said how about our country? he said not so much. we will switch that around here and we will get along the mexico by the way. it is a one-way highway out of

the u.s. >> capa? i recently graduated magna cum laude with a bs in chemistry and i'm having trouble finding a job. what is your plan to bring jobs back to america? mr. trump: that is the biggest problem, that takes place with so many. and even though it is 100 degrees in the room, it was not meant for that many people, you do know that. i heard the other night, i was making a speech and we had tremendous, massive crowds and it was really hot. so, a little warm, there might've been a little bit of sweat. one of these dishonest people said donald trump was sweating. sweating? it was 100 degrees. [laughter] [applause] and guess what we are all sweating tonight? that is ok. it is healthy. the biggest problem you have gone people go to college. that is great. getting out now, it is fantastic.

but people go to college, they borrow money, up to here, up toe debt.neck in they get out and can i get a job.it is such a massive problem. the really good jobs are gone, and they have gone to other countries. and so many other countries are making our product. i want to see the day when you can get those great, incredible profession, which you love probably, or you would not have been so high up in the class, right, at the top? i would to see the day we have those jobs back in this country of the highest level. i want to see the day when apple will make the iphone in this country, instead of making them in china, vietnam, all over the place. [applause] ok? and believe me, i will make that happen if i'm president. i use apple, but apple is not making them here, mostly china, now vietnam, which is becoming very strong for this.

they're not making them here. we have the most unbelievable people. if i have learned one thing in going around, we started on june 16 of last year, and i have got to know the people. and we have by far the biggest rallies that people have seen, far bigger than bernie, he was second, far bigger. now, bernie's not so big. he made a big mistake. bernie sanders would have been legendary, if he did not make a deal with the devil. when he made that deal,'s stock went way down, way down. honestly, even as somebody that has disagreed with him on a lot of things, other than trade, we agree very much entree, very, very much, except i will do things about trade, because i like free trade but i want to make it, he was right because our country is being ripped off on jobs and everything. but we are going to have a country that makes product again. we are to have a country that apple and these other great companies are going to make

their product in our country, and we're going to have lots of people working, including yourself. we have to do that. ok? thank you. [applause] >> is bob swanson here? bob swanson? >> one of my favorite questions. when you become president, can you are sure the american people you are going to clean house from the top, at the fbi, justice department, state department, v.a. and in what order would you stop? [applause] mr. trump: well, i guess we are talking about this for a while to come, but have to tell you, it is one of the saddest things i've ever seen happened to our country. what is happening with hillary clinton, where you send e-mails where they send a subpoena, and they want all of your e-mails, i mean, if you're in private

business and you do what she did, it is called -- ok, the united states congress, congress, sent a subpoena wanting e-mails. and she gets the subpoena and she deletes 33,000 e-mails. and it many other things, including lying all over the place. and you see people who have suffered greatly, including general petreaus. that is a tiny fraction. we can is a you are all night and talk about it, but the lies she told the congress and the life you go to the people, with the life he told the congress, oou see the fbi give her a n anything, no swearing in. you don't have to even swear in? they questioner on the fourth of july? and then, they released the finding on labor day, right before labor day.everyone is gone , they're going here and there.

i think what has happened with respect to death because i have said respect for the people in the fbi and i have such incredible people, what is happened to the fbi and to the justice department and the highest level, honestly, i think it is one of the saddest things i've ever seen in this country. whether we like it or do not like it, to look at what is happened and to look at the way it has been handled, and you know, every time i speak, this is mentioned. the subject of the people going crazy, the people in this country are very, very angry, very, very, angry. and i would think that, i don't know this, but i would think that some of these great fbi agents and the people that work within the fbi, i would imagine as to whatst furious has happened to the reputation of the fbi. so, i mean, i think it is an amazing question. honestly, it is like we are a third world country.

it is one of the saddest things i have seen happen in this country, and it happened to justice, and that is probably i guess the way you feel also? yeah, it is very sad. >> a quick follow up, what would you do with comey? mr. trump: i just am very disappointed. you know: you read the charges, wow, 3, 4 -- i'm saying, they're going to do the right thing. then, he goes, essentially, however, it was amazing. to go point after point, that was only a few of them. so, it is very disappointing. very disappointing. >> sharon osbourne from auburn? sharon? sharon? >> with the conservative holdouts mr. trump were not on the bandwagon yet, what can you say to convince them that your support for traditional

conservative rights should endorse you? mr. trump: we don't have too many. i will be honest with you, the press likes to report we have some of these long-term people that have done such a bad job. look at the problem our country is in. i would never use these people. and they know that. they announce a group they are going over to hillary, right? you understand. they announce in the group. we have tremendous support, including a couple of your very distinguished folks from new hampshire, who are against me, who are now for me. and you are allowed to announce the names, but we have tremendous support in new hampshire. one of them was very tough and very smart. go ahead. >> johnson nen? mr. trump: he is tough. that is good. i thought it was terrific. i mentioned the other day. and, i'm sorry, i think they're great people, but he was tough.

i tell you what, he was really hunting for trump. and you know what, i respect for someone that it is not that easy to pivot, as you would say. but i very much appreciate the family and the fact that they are with me.and i am with them . and they are going to do very well. he will do very well. i see the numbers. you know, one of the things that happened, they thought oh, tru mp, i have never done this. i've done very well in life and business, a lot of things very well, but i've never done this. all of the points that we will take down the center and the senator? you know how well their publicans are doing? i guess there is a gentleman in illinois not doing so well. this guy was actually taking out ads against me. maybe he is a democrat? he is not doing well, but hey, that is his problem. he was not for me. if you look at, there were

political reasons, but if you look at what is going on, now they are all talking about -- in fact the other day i saw very interestingly, you know, donald trump is having a very positive effect on these races. the republicans are going to hold. they're doing terrifically well, far better than anyone thought. and frankly, we are winning states and going to win some states that would never in a million years -- you know this, be in play. we have some states like colorado, summary also not do well. we're doing great. i think we are leading colorado and one of the polls that came out. i just left, we are leading a lot of places, and doing at least very competitively in a lot of states that absolutely would not be for republicans. and one of the funny things, they do the maps, remember, i watched the people that do the maps. it is tough for the republicans,

i have to tell you, but there is a very small path. i was watching the other day, same person was saying, wow, this pathway is getting a lot wider. does that mean they were happy about it, but the past -- now four different paths. nate silver, you know, he did not predict us in the primary. he never called a loser before. he has always been on the right side of what happened, in terms of at least his predictions. he did not predict me in the primaries, and in all fairness, he has never seen me, never spoken to me, never saw what we did. you know, had 17 very counted people. one by one by one, it was a beautiful sight to watch. beautiful. by the way, those people, most of them endorse me. ben carson, chris christie, so many of them endorse me. they are great. scott walker has been incredible. >> he helped pence.

mr. trump: mike pence has been incredible. he did a great job last night. [applause] >. that brings me to another question from lois, and brett was. ntwood. were you upset about mr. pence's debate success, as john harwood said? mr. trump: john harwood was the worst moderator out of all the debate we had, 11 or 12? he was so bad. this guy knows nothing about it. i was so happy. i saw today that someone on cnn, the clinton news network, who knows nothing about us, they use john king actually. i like him on the maps, does a good job. i like them better than i did a few months ago, now all of a sudden that map is getting very red. [applause] know,hn king said, you they always have a source, they always have a source.

nobody talks to him. nobody talks because he is like the enemy, the enemy, but a few of the people said donald trump unhappy, happy, then because mike pence did so well.quit jumping up and down . i will to you what, he is a great human being. you cannot root against them. you can't. i was telling chris christie, can you imagine the people saying that i would have loved to, you know, see him not do well because that makes me look better? these people, that is why a guy like john king has stayed in the same position that's how old is he? i think someday he would be an anchor. guess what? he is still doing the amps. maps. no, i was so happy. i can give you my word on this, i was so happy that mike did well. we were talking all during the

day, i was giving him some ideas, running things by each other. it is so disconcerting, even when you hear, tonight they said donald trump is going to new hampshire to practice for sunday. this has nothing to do with sunday. it is like they make me a child.i love the people of new hampshire. this was set up a little while ago. they were going to cancel it, and i said why are you going to cancel it? forget debate prep. give me a break. do you think hillary clinton is in debate prep? she is resting. she wants to build up your energy for sunday night. and you know what, that is fine. but the narrative is so full mesh. i amoolish. i'm here for one reason. i love the people of new hampshire. i said was when to be here, and i am here. very simple. [applause] >> this one is unsigned -- mr. trump: that is trouble.

>> what advice would you give to people trying to pursue the american dream? mr. trump: always love what you're doing.you may have parents pushing you one way, but you know you have to do what you love. i say this all the time in speeches and everything, i mean, i will speak in front of young people that they love doing it, i say always follow your dream. always go into what you love. and never, ever quit or give up. i have seen a lot of people, big people and not so big, usually not a big because if they quit they won't get big, the most successful people i have been with never quit and never give up. they just do not take no for an answer. do something that you really love doing, because that is not work. and never, ever quit or give up. do one or two more? [applause] >> i think you have dealt with this one before. it is from al over there.

stand up, al. mr. trump: hello, al. >> al wants to know what you are doing with the v.a.? al trump: the veterans, as can tell you and a lot of veterans i recognize in the room, because i have come very close to the vets, in iowa and new hampshire, but really a close to them. i tell you what, in many cases, their living in hell. what is going on with the veterans administration between the corruption, along come along waits, 22 suicide today -- i thought that was a typo. i said, that is impossible. much because day, they cannot get to see a doctor. at the end of the sixth day, the doctor says, i'm sorry, i'm going on vacation. vets tell me this, they have really good doctors, but getting to see them as a most impossible.

finally,ing to solve, the problem of the veterans of ministration. we have illegal immigrants that are many cases treated better than our veterans. you know that everybody knows that.they are being treated better than our veterans. one of the things we're going to do in the lines are a impossible. just days and days to see the doctor. when that circumstance happens, we will let our veterans go across the street, around the corner, two miles away, and see a doctor, private. or a hospital, public or private, where they are looking for work, would have wonderful people looking for work. take care of the problem, and we will pay the bill. and that is going to be the cheapest thing we can do, the cheapest thing we can do. [applause] al can tell you, a lot of the vets i recognize the rent

can tell you, everybody is in love with a plan. we will keep the plan, but keep the veterans of ministration, keep the hospitals, the buildings, is a thing that is important. we have to take care of our vets. these are people that we would not be here if one for them. but when they are waiting in line, and they know there is no end in sight, and honestly, they are dying. they need a simple procedure, they need a prescription, they need something very easy, and they end up dying. is a very sad thing, so there would be able to go across the street to a public or private hospital, to a doctor, and we're going to take care of our vets. for the first time we're really going to take care of our vets. [applause] nashua?from says hillary clinton wants to give social security and medicare to illegal immigrants through citizenship. won't this bankrupt the

program? mr. trump: let me tell you, you have heard that, most people do not believe that, but it is true. she is open border. rder, when the boar patrol, they have never endorsed a presidential candidate before, but these are great people. they want to do their job. it is much harder to do the job, but to stand back and let the men. catch and release is a disaster.but when they want to do their jobs and it is much more difficult and they come out and endorse donald trump, who is what happened to the jobs? we're going to build the wall, stopping coming from in. more than any other place, i made this in new hampshire because i really cannot believe it, i said if i win and i become president, first denomination. that happened. become president. i promised the people of new hampshire that we are going to stop this crap from coming

into your state. 100%. 100%. it can be done, and it can be done even before the wall goes up. the wall is necessary. i asked the control, ice folks that endorse me, patrol folks that endorse me, how important is the wall? you know, i am so committed to the wall. i was pretty sure they were going to say this, but i was not 100%, they said mr. trump, it is absolutely necessary for us to do our proper job. which made me, you know, gave me a little additional security, as far as the wall is concerned. we need the wall. we have to stop the drugs. drus, we have to stop. it is poisoning our country, poisoning our youth. and we are going to stop it, and what is stopping fast. long before the wall comes up.

i get them belfast. fast.filled long before, we will stop that poison from coming into our country. ok? one more? another question. >> i would ask you the kind of question hillary clinton gets sometimes. i'm in, easy. mr. trump: she gets easy once. by the way, i am getting boom, boom, boom. what would you do to fix the economy? that is much tougher than you understand, and you doesn't have a clue, but you see the questions i was getting. laura from hampton, new hampshire, are you here? laura: a fun question. >> what is one of your earliest memories as a child and why you think it stands out, and then she goes on -- you.rump: thank you, thank i think just the relationship i had with my parents. you know, my father built houses

in brooklyn and queens,. negotiator. it was not that he taught me, he would be on the telephone negotiating with the plumber or electrician or sheet rocker, and i would hear this, and i will be playing with blocks at his knee on the floor. and it was always so vivid. he was always negotiating. and you know what, that is what we need in this country, because people are running away with our country. you look at what is going on, whether it is the border or our depleted military -- the greatest people on earth are hour military, but they have old equipment. they show fighter jets that are 18 years old, so old they don't make the parts anymore. these are fighter jets that our people are flying now, and they have to go into plain graveyards, graveyards to get parts. go into museums to get parts.

no, we need a strong military. we need to protect our second amendment. we need to take care of our vets. we need borders. we need great education, getting rid of common core, so important. and by the way, one thing, i know john and a lot of other people felt this was so important when it came out so strongly, united states supreme court. we needs -- we lost a great justice, justice scalia. great justice. we need great justices, who are going to uphold our constitution. and if hillary clinton gets in, you are going to have a much different country. so, so many people feel it is important, i personally feel it is the most important -- the stop the have to people from coming in looking to do us harm.

they are pouring in. and hillary clinton wants to have them coming in at a rate of 550% more than president obama. we're going to stop it. you know the statement, we are going to make america great again. and it is going to happen quickly. so, thank you very much, everybody. >> i have one more question for you, donald. i will let you read it, number where you are tonight. mmr. trump: oh, look. [laughter] [applause] course, it is boston. >> donald trump, give them around of applause. donald j. trump, the next president of the united states. thank you, donald trump. the luck to florida, good luck in wisconsin tomorrow, good luck

in st. louis tomorrow night. thank you, donald trump. give him a big hand as he leaves. thank you, donald trump. [applause] trump, trump!p, [inaudible]

[indiscernible] announcer: donald trump to campaign with house speaker paul ryan this saturday wisconsin. christina marcos is following the story she is doing is. in washington on the phone. thank you for following up. how did this all come together? cristina: it has been quite a long road for paul ryan and donald trump. if you will recall, even as recently as last december, when it was not clear he would get the nomination, everyone thought he was still a long shot. his ryan was denouncing proposal to ban muslims from the country. and since then, he has criticized donald trump on a lot of fronts.

and for a few weeks, he declined to endorse donald trump, after he effectively clinched the nomination. trump payback, donald withheld endorsing ryan and his primary over the summer. and now, here we are, when they make the first campaign appearance together this weekend. >> it is called wisconsin fall fest. and it sounds like a typical republican event in the sense it key swing state. you have wisconsin governor paul r scott walker in attendance. cristina: this happens annually. and a source familiar with the planning told me that donald trump expressed interest in doing a bit with ryan, so the speaker extended an invitation on the ground, that he goes through every year anyway. and this will be interesting.

as of right now, there aren't any photographs that you see out there of donald trump and paul ryan appearing together on the campaign trail. so, for someone who has distanced himself quite a lot for donald trump, even after he did officially endorse them, it could potentially be a little word for paul ryan. johnson hasr ron his own battle for reelection, being challenged by senator russ feingold. this is a state both parties say they need if they want to capture or maintain of the u.s. senate next year. cristina: and that is right. ron johnson will be at this event, too, that paul ryan and donald trump are going to. so, an interesting strategy compared to some of the other vulnerable senate republican incumbents like kelly ayotte, pat toomey, who have very much

distanced themselves from trump. and are generally don't like to say his name, they prefer to say the nominee. ron johnson meanwhile, he is going to appear in person at the same event with donald trump. host: let it affect the relationship you talked about the moment ago between house speaker paul ryan. he was of course mitt romney's running mate, the former massachusetts governor. saying he advises people to vote for gary johnson. he did so in a tweet. this relationship between house speaker and donald trump, or lack thereof, how is this going to change revolver unfold with 30 plus days before the election, and will it have an impact? cristina: this will come just one day before the second presidential debate between hillary clinton and donald trump. in the last 10 days or so have been some of the worst ones of donald trump's campaign.

commentsmath of his about a former miss universe. and so, it is a pivotal moment for donald trump, if you want to make a comeback in the debate. host: donald trump in wisconsin this weekend with house speaker paul ryan. marcosorting of crrstristina from the hill.com. covercer: live saturday at the party event in wisconsin. that will start at 3:30 eastern time. streaming live on c-span.org. and you can listen to it on the free c-span radio app. wrote to the white house coverage continues sunday with the second presidential debate. our coverage begins at 7:30 eastern with a preview and the debate at 9:00. tonight, florida residents are preparing for hurricane matthew,

a category 4 storm expected to make landfall tonight. image ofrom nasa, an the storm taken from the international space station. florida governor held a press conference this evening, to give an update on hurricane matthew and to urge people to seek shelter inland. here is a look at his briefing. good evening. today i have done what i've done for the past fourth day in a row. i've been traveling to centers from around the state. you talk to sheriffs and the elected officials and county

emergency management people. everyone is prepared for this. they are doing everything they can to get ready, and it is happening now. we have individuals appear from fish and wildlife, brian kuhn who is responsible for emergency national team, highway safety, the national guard, we've got general turner who is responsible for [inaudible] all 67 counties, that's part of our 515, all the florida counties are focused on live safety.

it's the most important thing we can do. i think about my own family. we are standing ready to help those impacted. i've talked to sheriffs and utility companies and management officials to call me if they need anything. given my cell phone, said call me 24 hours a day. the goal is to solve any problem as quickly as we can solve it. we are focused on protecting life. the state stands ready to help any community that needs help. i spent the past four days traveling the east coast urging people to prepare and get ready for hurricane matthew. it's here. it's absolutely here. it's not very far off the coast of palm beach. we are starting to see the impacts am a and it's a monster. again, our number one priority is protecting every life. i think about my children, my grandchildren, grandchildren, my wife, i want everybody to survive this. we can rebuild homes and

businesses but i always say to my own family, we can't rebuild a life. if you are in south and central florida the storm is coming tonight. please stay stay safe and listen for alerts. there may be alerts that come in and your cell phone will give you important messages. if you are in brevard county or north of brevard county and in the evacuation zone, you you have time to leave. get out. there's no reason to take a chance. it just doesn't make any chance. at 5:00 p.m., hurricane matthew is located 100 miles, southeast of palm beach with maximum winds of 140 miles. hour. think about that. 140 miles. hour. it remains a category four. some slight fluctuations in intensity are likely as it moves toward the coast of florida. it is likely to produce devastating impacts with extreme winds and heavy rain along

portions of the east coast tonight. the storm is a monster. protecting life is our number one priority. impact are as followed, heavy rain up to 12 inches inches along the east coast. you will get a band and then you'll get more. when you get a band you have immediate flooding. strong rip currents, beach beach erosion, the risk of tornadoes, hurricane force winds. remember that. hurricane force winds. storm surge. think about this, 11 feet of possible storm surge. if you're standing on the ground, 11 feet. think about that. 11 feet of storm surge. on top of that, waves. your house, if you are close, you could have a strong a strong surge and waves over your roof.

storm surge will also go along the st. johns and st. mary's river. if you live along these rivers, please listen for evacuation orders. do not surf, do not not be on the beach. nobody should be on a florida beach on the east coast tonight. nobody should be on the beach. nobody should be surfing. people are still on the beach tonight in jacksonville. get off the beach. all the way to the florida georgia line we have winds exceeding 100 miles. hour. belushi and brevard will have the highest wind, that's the that's the projection. inland counties like seminole and orange will have hurricane force winds. inland will have hurricane force winds. these are projections and they can get worse. i just spoke with the army corps of engineers and will request the following from fema and they will work with the army corps of engineers. temporary power, roofing, crews and structural assessment crews. i also asked for generators to

help with power outages once the storm and flooding hits. we will have a lot of power outages. we expect to see lots of flooding, especially in northeast florida. we will need additional pumping equipment from the federal government. based on the continued strong track and the estimated 305,000 national guard member. this is half of the available troop. this is the most i've ever had to activate. protecting lives is our number one priority. i continue to activate more troops for life-saving missions. they are helping people evacuate right now for safety. we also have many at our shelters. on the aftermath of the storm they will have to provide search and rescue efforts. the wildlife commission also has

high water vehicles across the state to help with the efforts. the food and water has it across the state. each county has a plan on how to distribute these resources. around 1.5 are under -- 1.5 million are under evacuation orders. roads are still open for evacuation. hotels are filling up. you can visit expedia.com/florida. this is a special page they've developed so you can find an open hotel during the storm. as you drive, dot has informational signs that the note when hotels are filled out exits. if you see a sign that says it's built, don't stop, there's no hotels open, you have to go to the next exit. you will find a sign. we are getting signs up where the shelters that are open are. if you can't get to a hotel, go to a shelter. we have shelters open across the

state. it might not be the nicest accommodation, but it probably is a much safer accommodation then your house or your department. we currently have 130 shelters across the state. more and more people are going to them tonight. we do not have any capacity issues at our shelters. we do not have capacity issues at our shelters. we had over 3000 people in shelters last night and we will have an updated number at midnight tonight. we do and an update every night. if you are north florida in brevard, going north, you still have time to evacuate. you don't have a lot of time, but you still have time. you might not want to sit in a shelter but a shelter but it might be the difference between life and death. curfews. they are in place for portions of orange, devol, st. john's and seminole county. they are to protect you and keep communities safe. listen to the curfews. they are there for your safety. follow them.

it will help law enforcement be focused on life-saving operations. if you have questions on curfews, please call your sheriff's office. traffic. the i10 westbound out of jacksonville is experiencing congestion. it continues to move. the state department of transportation is following all the evacuation routes all day long and doing everything they can to speed them up to make sure they continue to move. department of transportation and highway safety are working together to make sure all of our evacuation routes are moving. they are also showing alternate routes. the eye for westbound has congestion but continues to move. traffic on 528 is moving quickly between brevard and orlando. if you are concerned about safe routes, visit fl 511.com. you can see traffic patterns and accidents. anything is there to pick a safe route, the best route.

floridians and visitors, you can can go to florida evacuate's.com or download the app to enter your location and sees shelters available in your area. all flights have been canceled in miami, orlando, and fort lauderdale. there are no power outages at this time. there are no major power outages. there are a few but it's minor. miami has six thousandths 600 people without power which is only 1%. percent. brevard county has about 1% without power. you are going to lose power. broward county 56 people without power. palm beach county about 4800 people without power. that's power. that's about 1%. we are going to lose power and it will not be for a short amount of time. fuel. there are no fuel issues on the interstate or the turnpike. i ordered more fuel to gas

stations on the alley. dot has already solve them. we are seeing fuel shortages in some areas but there temporary and being refueled. fuel is available around the state. the current fuel supply in the state, even if all ports are closed is nearly six days. take the fuel you need, nothing more and leave the fuel for the next person so everyone has the opportunity to have the fuel they need. hospitals. hop hospitals along the east coast has have been evacuated for the past two days. we have not had any issues. we are still seeing evacuation's in nursing homes. help each other. you can go to text fl prepares, one word to the number 888777. you will get updates from the state emergency state team.

fl prepares, one word, at 888777 and you will get updates. it can save your life. if you have a smart phone, enable it to receive emergency messages in your settings. they will push out life-saving messages during the storm. you will hear a loud noise when they come through, it's loud. do not ignore them. they could save your life. don't turn them off. as much as they might bother you, they could be life-saving. everybody needs to remember these things. first, we have asked asked people to be prepared. this will hit and let's think about what we will do afterwards. we will have downed power lines. do not come close. watch your kids. do not touch a power line. they could be live, stay away from them. do not drive or walk into standing water. either one.

do not go into standing water. don't go outside during the storm. think about it. we will have hurricane force winds. think about the debris that will be flying around the state. we've all watched it on the weather channel, the debris around hurricanes and tropical storms. there will be debris flying. don't take a chance. don't go outside to see what it's like. if you see a tornado or hear a tornado approaching, go to an interior room and hunker down. i grew up in the midwest. we had tornadoes all the time. that's what we always had to do. do not operate a generator in your house. do not operate a generator in your house. the generators all have to stay outside. if you evacuated, only return when you can return. don't try to return before that. local officials will let you know when it's okay.

everybody is going to do their part to keep you healthy and safe and alive. that is our number one priority but you have to do your part also. if you have any concerns about your safety, call your local sheriff. they are there to take care of you. they are staffed and they can help you. i'm going to be here at the state emergency operations center tonight and will continue to be briefed by the state meteorologist, and i am going to pray for everyone's safety. i have been traveling the state for the past four days, i've been working even before that to start talking about getting prepared. we have a great team here and a great team locally. people have really done their job. i hope everybody has taken precautions. i hope everybody, if you are still thinking about evacuating and you are in an evacuation zone, you're in a place that is subject to flooding, get out. don't take a chance.

i can tell you, the state and county is working hard and after this hits they will work very hard to restore the state and get everyone there power back and back to normal life. i will be god to answer any questions anybody has. >> after what could be a $50 billion storm, potentially more, how prepared is the florida fun to deal? >> we've made a lot of progress. you look at citizens, we have downsized the risk on citizens quite a bit. if you look at the cat fund, over what's happened the last five years, it has been a dramatic impact as far as the amount of cash we have and we did borrowing ahead of time. we are in a much better position. you always like to be in a better positions. i would like the state to not have any risk. that would be utopia, but we

have some risk, but i think we are prepared for it. were in a much better position than we've been in in years. we don't know the amount of damage we will have. you have to assume this thing will hit sure. if it hits sure and comes across , it's devastating. the dollars will be staggering. anybody else? >> you talk to president thrasher today. given everything that is going on and given the fact that uf postponed its game, should they just go ahead and postpone it or move it or something like that and stop the guessing game in terms of what's going to happen. >> when i talked to president thrasher, he was talking to the university of miami and they will make a decision. they will make a good decision.

the things i worry about with anything is we've got to make sure, our number one priority is to take care of everyone's public safety. on top of that, we are going to work really hard to restore everyone to a normal life. it will start with getting people back in their homes and their power back. those will be the most important things. we will have to assess the damage. we will work with fema. they have been here since last thursday. as you know i have additional requests with fema for water, food and tarps that have been up proved and we have more request. we will need a lot more. >> there was also a different topic, the clinton campaign has asked about extending the deadline for voter registration. it is next tuesday. since you have declared an emergency, it is within your power to do that.

governor bush made some changes to the election situation in 2004 after the hurricanes then. i just want your thoughts on the idea of extending the voter registration. >> i'm not going to extend it. whether it's the registration date, everybody has had a lot of time to register. on top of that, we have lots of opportunities to vote, early voting apps before election day. i don't intend to make any changes. >> what advice to give people who are not in the path of the storm who want to help people on the east coast of florida? >> we could use more support in our shelters. you can go to red cross.org to look at where we could use more help in our shelters. if you have friends from palm beach going north that might need a place to stay, even if if they can't come tonight, they might need it tomorrow.

ask them. reach out to them. see if you can do it. the salvation army and red cross, they will be providing a lot of services. they would love your contribution. they are going to provide a lot of volunteer efforts and spend a lot of money staffing shelters and preparing food, and things like that. i have have calls from the red cross and salvation army and i've seen them the past six years, the things they have been doing in things much more minor than this. they could use your financial support. >> what are your plans for tomorrow and when you plan to go out and see the areas that have been hit by this hurricane. >> we will watch what happens tonight and decide tomorrow. i clearly have to get the assessment. we have a great team here and i will be out across the state as

soon as it makes sense to be out and do everything i can to help people get back to a normal life. if you think about it, we want to keep everyone safe. that's the number one priority. number two, get people back to normal life as quickly as we can. that will be get back in your house, get back in your apartment, get your business is open, get the power back on, make sure people can get fuel. we have to have to make sure for the people are gonna be displaced that they have food and water, shelter, all those things. i will be out and doing everything i can to help everybody. >> governor, during the briefing before you came in here, there was a brief mention that law enforcement in the state has been required to move some inmates. do you have any details on how many inmates were talking about and where they were moved from and where to? >> the department of corrections has a process. i don't know if the counties, i

think they made some changes also. the state is not involved in those. >> do you know of any incidents regarding the emergency gun carry measure that was passed last year that allows those with permit to carry if they are under mandatory evacuation order. >> my understanding from general counsel is you are allowed to carry that weapon while you are evacuating. once you reach us shelter, that no longer applies. you cannot carry it into a shelter with you. >> so it's not the full 48 hours from the full evacuation that takes place. >> that's what i understand from my general counsel but i would recommend you talk to the local sheriff or, when you reach the shelter, i would ask those folks there. that applies only while you are moving, in transit, not when you reach a shelter. >> have there been any incidents regarding that? >> i'm not aware of any.

>> anyone else? >> you talked about how you feel prepared for the storm and everything like that. >> you will never be prepared enough. if we are really good, we go east. >> but the fact that it's so slow moving and going across the spread of territory, it sounds like it has been challenging for you all in terms of trying to figure out where to put the staging areas and logistics and things of that nature. it sounds like also because of that, you are kind of saying look, were going to be distributing food in this supplies but it's not going to be immediate because we still have to find the places to put this and things of that nature. in other words, should people be patient for the first 48 hours in terms of the storm. >> what we have said all along, you should assume you have to take care of yourself or three days. three days of food, three days of water and a battery-powered

radio, keep your cell phone charged. actually, you should have your medicine. the truth is you should do everything you can to be self-sufficient for three days. i can tell you, if you look at what the county is doing, what the state is doing, what national guard is doing, if you look at what everybody is doing, the pre-position position that were doing in the fact that fema has already agreed to provide food and water and tarps, i think people are going to do their job, but there are expectations that you take care of yourself for three days. we will do everything we can to get there as quickly as we can, but we don't have any idea how much time damage we will get. we don't all fit will hit landfall. you have to assume it will hit landfall somewhere and that's what you have to prepare for. that's why we did everything we could do to get people to evacuate. >> thank you everyone. >> thank you everybody.

>> thank you. >> hurricane matthew with the topic at today's white house briefing. josh earnest talk about what the government is doing in response to the storm. weather forecasters anticipate that the impact of the storm is likely to be quite significant. whotrongly encourage people live in the areas likely to be

warningsto heed the and instructions of local officials, including evacuation orders. the instructions are being offered by local officials are informed by information they received from the scientist and federal officials. planned those instructions are geared towards protecting peopl. people to stayge up-to-date on the weather forecast. those of you know that this weather forecast track of the storm has changed multiple times just this week. it certainly is not outside the realm of possibility to change again. overnight bit likely the storm could strengthen further before making

landfall. we want people to be prepared. the last thing i would say, there are those who don't the intensity -- who doubt the intensity of the storm, they need only look at the images coming back from haiti. a rather significant impact in haiti. whatis good evidence of people in the southeast could be facing. for those americans interested dating weg assistance invite you to visit cidi.org. that is how you can visit a company -- a country like 80 --i you can help a country like haiti. this is a pivotal day. people need to be making preparations today. the storm is likely to begin

lead policy. those of us who do not live in potentially affected areas will be sending prayers to those are in harm's way. people should take confidence from knowing that federal officials have been working very effectively with state and local officials to repair. we have developed an expertise and intend to use that resource and expertise to reject the american people -- to protect the american people. that will be put to the test the next few days. ♪ >> c-span's washington journal, live every day with news and policy issues that impact you. the chair of the tea party patriots citizens fund will join us. she will discuss the condition of the departing, their endorsements of donald trump for president, and how tea party incumbents are faring in their

campaigns. president of the national education association will be on , talking about education policy in the presidential campaign and efforts to tie the republican candidate donald trump to a rise in school bullying. be sure to watch "washington journal"; and eastern friday morning. today treasury secretary jack lew talk about the global economy and u.s. financial system at an event hosted by the peterson institute for international economics. topics include the transpacific partnership trade deal and china's economy. this is 45 minutes.

>> good morning everyone. i am president of the peterson institute. it is my great privilege to welcome the 79th secretary -- excuse me, 76 secretary. 76th being a particularly good number. 76th treasury of the united states, jacqueline. -- jack lew. jack has graciously given us his thoughts on the global economy and u.s. agenda in the annual imf world bank meetings. before and we us are grateful to have him back. you all know that secretary lew, prior to becoming secretary of treasury, served as white house chief of staff, previously as director of office of management and budget.

we don't have the kind of permanent civil service at the highest levels that are friends france, orr japan or even mexico do. jack lew comes close to being a permanent civil servant. careertinguished including omb director in president clinton's cabinet. i will not go through it all. in theis accomplishments economic sphere where his final delivery through the congress of the imf reform commitments, which took skill and civil. we are proud to be associated with that victory. speaking solely in my small 18 excellentin management of diplomacy in the

last year and a half since the chinese financial turmoil. we have seen stability and constructive management from the chinese government. which is to the credit of the chinese government in their own interest, but i believe diplomacy from secretary live has helped with that. diplomacy from secretary lew has helped with that. today the secretaries speaking on the record, he chooses to do this in a conversational format. we are taking questions from the audience. it's my pleasure to turn it over to the vice president of communications here at the peterson institute. a reminder for those that don't know steve, he joined the institute eight years ago in 2008, previously correspondent for the new york times and a member of the editorial board specializing in politics and economics.

he has published numerous articles both outside the times, bureau chief of the tokyo delhi. we at the institute published his book "the great trade-off: confronting great globalization." we are grateful for the foundations supportive network. civil he isn't it -- most of all and --n expert in text in tax issues. over to you steve. steve: thank you adam. thanks for the privilege of this conversation. secretary live, privilege to be with you. we have known each other for a long time. as adams had come under the local economy is on the agenda this week.

the outlook is very next. -- is very mixed. and others that have said that prospects for growth are not great. my colleague david stockton said last week the global economy is like a driverless car in the slow lane. you should not take that personally. tell us your sense of the outlook. especially, what are the prospects for fiscal stimulus, which everyone seems committed to. in the case of the u.s. that has been challenging to carry out. sec. lew: first let me thank peterson for posting, you for moderating, and adam for the kind introduction. the global economy has been a challenge to get into high gear. it is not a recession.

we have to be clear we are talking about slow growth, not a recession.risis or how do you go to the growth that will help lift people around the world? how you deal with the frustration that is dealing with the benefits of a growing economy? you asked about fiscal policy. we have been trying for many that themake the case economic policy makers of the world have to use all the tools we have. you cannot just rely on monetary policy. you need fiscal policy and structural reform to get an economy into gear. when i became treasury secretary almost four years ago, there was a preheated debate over austerity versus growth.

it was as if you could cut your way to growth was one theory. or just spend your way was a caricature of the other position. the model ofs used the u.s. economy, how do you bring all of us? we had a quite aggressive use of monetary and fiscal policy. without a doubt the recovery act and subsequent enactment of payroll cuts. period premature sizing, putting savings more in the out yeras less than the frot nt years. we had a said that used its monetary levers creatively. reforming our financial system. ago,ld say four years

there was not a lot of support for using fiscal tools. there was an exhaustion. perhaps it was because of the debt overhang. perhaps it was because of the immediate spending in the crisis. i would say if you fast-forward to today, we've seen a different approach look at the last six look at the actions of government. from china to canada, japan and south korea to europe you are seeing more willingness to use fiscal space. not every country has an equivalent amount of fiscal space. .t has to be a case-by-case use look at japan. japan could've put more excised taxes in place and grown economy back into recession.

they did not. they have a long-term problem. you don't solve that by causing a short-term recession. 's nationalhina people's congress committed to using more of its fiscal space by increasing its deficit and if the same time pushing structural reform. spending europe has has burdened with self-consciously not come at the expense of others and then, but has been added if. additive.n i'm not saying all the physical space has been used. but the efforts to press all policy tools has broken through. we have political developments

that have made it more acceptable to have this conversation. steve: you left out the united states. it sounds like you are hopeful they are killed. -- says look you are hopeful there, too. if you look at the period between 2011-2014, because of the political situation in the united states, we shifted into short-term cuts in annual spending. they should have been doing long-term savings. in the last three years, fairly quietly couple budget agreements replaced short-term cuts with longer-term measures. there is a modest tailwind from public spending as opposed to a headline.

i don't want to over dramatize it. it is in the right direction. looking at discussions like infrastructure, training, child care, there are domestic needs we need to address. not all at the price of deficits. it would not be the worst thing if we be built in for structure with more long-term credit. in a few square miles around where we're sitting there is a lot of support her globalization. no secret that around the world there has been a backlash. anticipateble to that?

shouldn't you have anticipated that? will can be done in this contentious era? sec. lew: having worked on translations over four decades it's never been easy. i think in the current economic and dident, we should anticipate it would be hard. we produced the transpacific partnership, which makes the test of improving standards on labor, environment, improving business like this is, leveling a playing field. the termse u.s. shape of global trade. and when others come up to our standards, we become more competitive. scrutiny.tand careful why is it a challenge?

first say that if you win the argument that a trade agreement rose the economy, you should be most of the way there. a growing economy is better than a sinking economy or one growing less quickly. people wentve more economy is not growing as fast. growing economies don't necessarily get to where people live. not people working about their children and their opportunities. this is not about tpp. about what we're doing to address the concerns people have that government is to be meeting domestic needs. if we invested more in introduction -- more in

infrastructure, training, sure wee, i'm not so would be is a place. this is a broad phenomenon. the hlicy has to reflect igh incomes that are not heavily taxed. thatgives people a sense it is not on the level. i don't think that is an excuse not to do tpp. win thethink you can argument by saying let's grow the economy more slowly. we have to focus on this long-term issues.

steve: those are all long-term ideas. you have an urgent timetable to next month.ted how will you do that? sec. lew: the trade promotion authority was a harder vote. it was giving permission agreement.r an i can point to countries where labor standards are being raised because of tpp. you improve how competitiveness by stepping back, by saying that we want right the rules. write the won't rules. geopoliticalong

imperative. you can't just only talk about tpp. we have a habit about talking about trade adjustment assistance. there is a growing skepticism about what happens in between. we have to make it clear these are commitments important that don't begin and end with one vote. we put forward concrete proposals as administration for several years. it will ultimately come down to votes. promotioned for trade authority and meet b the highar

standards, we will make the case over and over again. i think we can get there. steve: hope so. let me switch to taxes. specifically corporations going abroad in tax havens. administration has been pretty tough on wanting to get rid of these tax havens. in the case of apple you were upset that the europeans went after getting a special tax de al in ireland. is there a contradiction there? sec. lew: no. let's start with what we agree on. we agree that large multinational corporations should not be able to game the international tax system to avoid paying taxes anywhere, or

to pay at such a low rate that it is offensive to our common sensibilities. we agree on that. what we don't agree on is having one sovereign entity reach into another sovereign entity's backspace and change tax loss retroactively. we believe the state eight decision did that. -- state aid decision to that. we have clear proposals. support some bipartisan that the idea that u.s. income should be subject to a minimum tax. that, i don'tng know that the pressure would be as high. highve a statutory rate as in the best statutory -- statutory rate as high as the best in the world. and we have rates that are like

a magnet for companies that are weiding the average rate. have to fix our part of a problem, which is not being so far above the average. we have a tax load riddled with loopholes and deduction. others have to feel international pressure not to run the race to the bottom and create disparity. the answer is to reach into each other's tax base. that is fundamentally inconsistent with the whole notion of how we work on tax and younternationally dependedly. in 4 years we made more progress on base erosion and profit shifting than 20 years. transfer pricing, coordinating systems. the answer is more work like that and less reaching into each other's areas. you mentioned bipartisan

support. there seems to be a disagreement about how to handle that $2 trillion. where is the deal? iterslew: amongst tax wr there is a broad sense that there ought to be a minimum sense on income overseas. i would not say we have agreed on the rate. but if you can get around the negotiation table, traditionally our political system has been able to find a compromise. this has not been inoperative moment to save bipartisan agreements on policy issues. even in that space there have been conversations that have laid a groundwork. there is a crossover on international tax reform. if you apply to minimum tax rate to minimum brooks overseas, it would produce one-time revenue

which cannot be used to cut rates because it is not recurring revenue. you would lose money if you cut rates. what do you do with it? some would say to reduce the deficit. investger argument is to in infrastructure. i think the combination of europe moving aggressively on the state aid issue, and bipartisan desire to pay for more infrastructure creates perhaps the perfect storm where you can overcome the inertia of interaction, overcome an environment where making political compromises has not always been a popular thing. and maybe even overcome the special interests that don't want to change the status quo. one person's loophole is another person's treasure. reform can be done.

if you put the senior tax writers to come up with a bill, you have the intellectual work moving towards consensus to do that. it could have an early into a ministration. >> let me ask one more question. deutsche bank. problems seems to illustrate an issue identified by the imf and many others, which is the systemic risk posed by undercapitalized banks in europe. that? you see is that a problem that is unaddressed? m not going to comment on any individual institutions. as a general proposition we have been very clear coming out of the crisis that we had to make sure our financial and to his were well-capitalized.

we need a resolution structure where if there was a problem there was transparency and their process to resolve them. we have to make sure that we work globally to raise standards. coming out of the financial there was a real clear signal that no country has the ability to separate itself. we have worked hard with the g 20 and others to try and raise international standards. europe has made a lot of progress. europe has made capital and moved toward resolutions still in development. they still have work to do. 's financialpe institutions are much stronger.

need tobeen clear they do more. action help stabilize our confidence in the economy. i hope we see more pressure around the world. the danger is complacency. -- let'sear the u.s. roll back. frank, ease up on regulations. momentuld be the wrong to take your foot off the gas, or go into reverse. one thing we know for sure is that risks don't stop/ the change and have any manifestation. the mistake that we made for the decades before the financial crisis was not thinking i had. on need to keep your eye

risks of the future and adopt to it. sometimes it means changing what you've done, but not saying, we are out of the woods, let's go back reform. steve: thanks secretary lew. let's go to the floor. questions please? i think there is a roving mic. excuse me for interrupting, but would you please identify yourself and keep your question an actual question, an a sent one? -- a succint one? >> i am a journalist from grace. thank god we are not the top issue in greece anymore. the greek government is pushing for that reduction. vice president biden in new york asked him to use his influence

toward the german chancellor. or the europeans in general. i was wondering, is the u.s. working on that? did a major issue anymore, or as it subsided? sec. lew: we have been deeply engaged on greece and issues related to the financial situation. happily we are not a moment of immediate crisis. when you ask the question at a , what when you can say should we do to avoid having another moment of crisis. we have been clear that greece's restructuring has to be on the

table. that there is an unsustainable there would have to be a coming together where debt restructuring was part of the picture. always believed the sooner you get to that the better. he only stable answer for what is an unsustainable debt is to restructure the debt. the longer you put it off, the harder it gets. you weaken the economy that is supporting that. dp,n you talk about debt to g the percentage is when the gdp growth. even with a stable debt, you want to growing economy. when the economy shanks, the burden is bigger. as greece continues to engage institutions, the issue of debt restructuring remains on the table.

i believe it was put squarely in the next. the question is how it can be executed. disaster we can work through -- the faster we can work through the better. steve: yes next question. >> i am from tudor investment corporation. you mentioned the discussions about corporate tax reform. seems like in the next few days we have an issue on the radar screen, distortions and personal income tax system. well-known issues related to that that i won't ask you about. in the next administration the issue of personal tax would come up as a distortion? sec. lew: our position as administration is reflected in

what the president called for and acted in 2013, where the top tax rate was restored to before it was rolled back. we have to take a hard look at things like asset valuation increases. onallow assets to be passed and assets to be stepped up so that the appreciation of valuable assets essentially goes untapped forever. that is not right. it is not right because a, that is where the wealth is, and b, working people do not get to say, i'm not going to pay income tax on my earned income. what we in our proposals have suggested is that by taxing the stepped up basis it will give you the resources to invest in education and childcare.

.he things people need to see if you care deeply as i do about both democracy and free market capitalism, this is an issue that not just the u.s., but around the world we have to attend to. it's not even a question of populism, it's just simply a question of common sense. how do you pay your bills in a way that is fair? this is balancing where we need to invest in how we pay for it. steve: next question. >> thank you.

lew, he said we have to make the case that trade agreements foster economic growth. i would say part of the great is that this provision of the benefits of the growth of trade agreements. how does the tbp address this ?ssue to governments want to communicate about that? there is a strong anger on this issue. that jobs thatow are related to trade have higher .ages the problems we have are the kind of confluences of concern. winning the argument that pp

will grow the economy is easier than a dozen these longer-term like,ns that people have what does my economic future look like? andave concerns about trade business structure and changed income just recent pattern. all happening at the same time. helps by growing the economy and making us more competitive. it opens of the fastest markets in the world to u.s. goods and .ervices we need to separate out what you address the retreat agreement and through other ways. the worker concerned about their job or their kids having a job will not do better if we have a an see aowing to be

decline in high wage jobs. that doesn't mean it is not fair for that same person to ask, what are you doing to make sure we are dealing with other problems in our system. we have to separate the conversation. i think the case for tpp has been strong. i have not heard a compelling case that it does not grow the economy. and i don't think these other issues are because of trade agreements per se. they are what we have to deal with in terms of tax equity, how we invest smartly in the future. it is perfectly reasonable for people to be asking, what's the government doing to make sure that my kids have a chance to do better than i did? we have to enter that. but it's not by seven ourselves off and growing more slowly. a question in the first

row. yes? >> thank you i am with u.s. media group newscenter. i have two questions for the secretary. in our perspective what are you saying are the impacts for the war economy? second, can you tell us about where we are with the u.s. china bilateral investment trading? steve: maybe broaden that to assess the major challenges facing u.s. china relations. the u.s. china economic relationship was probably the most important in the world. the two largest economies in the world. that the desire to be included in this special drawing rights basket of the imf was a

helpful incentive for china to make reforms in how it manages currency, how it manages the economy. it's important for china to have made those changes. of can over read the impact being in the sdr basket. it does not mean being a global reserve guernsey nor a reform agenda. it is an important step along the way to recognize that china made important policy changes. i think the challenge for china going forward is going to be to stick with the reform agenda outlined both in the third and national people's congress to reform the economies of that market forces plate a much more dominant influence. china does not end up

choking on things that there is not a market for, and that capital does not get where you needs to for the innovation economy. steve: you are referring to steel i think. steve: steel, aluminum, real estate -- when you don't have market forces driving investment. when you don't have bad investments allowed to fail, you have resources allocated in a way that ultimately jokes the future of economic growth. it is fundamentally about china being in a position to do well in the next decade as much as it is about u.s.-china relations. it is also about u.s. china relations. fierceecade, we had debates about exchange rate policies. we prosecuted that case quite aggressively. china has changed how is managing exchange rates so that is less of a hot issue today

than it was five years ago. that is a good thing. does not mean we have not taken our eye off the ball. we will watch it consistently. the real test is when there is pressure for the or in the to appreciate. china has certainly said all the right things, but the jury will be out until we see the macro economic circumstances that test that. it cannot be a good thing if excess capacity becomes the exchange rate issue of the next decade. it would be good for u.s. china relations or global economy. it's not just a u.s. china issue. iss issue of excess capacity deeply troubling around the world wherever steel and aluminum are made. fundamentally it's just not good notchina because china will end up having the economic

strength that it needs. i believe there is still room to manage the hardest transition from a heavily industrial to a much more consumer driven economy. it's the second largest economy in the world. they have space. but it's not infinite space. implementing the program, even though it's disruptive and something unpopular in parts of the country -- it is essential. in terms of bilateral investment. we've had strategic discussions on the margins. there is ongoing negotiations, exchanges of offers. and has to be a high-quality agreement that offers access in both directions any meaningful to closure.mes we made the case this is the best time to do it. we will continue going through the duration of our tenure to

get it queued up. making possible, but not there yet. we are looking at a calendar getting shorter and shorter. the time to put a shoulder into it is now. steve: our time is getting shorter and shorter. looking for a signal for your staff. i wonder if i could exercise the prerogative of asking a final question in the news. sovereign immunity. when the justice against sponsors of terrorism act was passed over president obama's veto, the administration said it would have disastrous consequences. what's the treasury doing to avert some of those disastrous consequences? sec. lew: steve, i remain new yorker. i was in new york city for 11.

i stood on the corner and watched the buildings fall down. how emotional the issue is of symphony for the families of victims. it exposes the u.s. to great risk, both in terms of u.s. citizens who are working obviously there is a question as to whether or not that will have an impact on economic activity. we are keeping an eye on it. i want to reassure you we have the deepest and most liquid treasury market in the world. we are not worried about the treasury market. we worked very hard to make it world for u.s. businesses to do business in. we work very hard that we

protect the u.s. from harm. the president has vetoed that solution. steve: there are other problems people have raised other than the security of treasuries. what else are you looking at to try to minimize? sec. lew: i think the risks we focus on most immediately our sovereign immunity risks with these other countries. that has an effect on our armed forces. that has a potential effect on public officials and private citizens. i'm going to anticipate what economic issues arise. obviously we have focused on the treasury markets because that is the most immediate one. i'm not concerned about the

treasury market. if you look at u.s. economic growth from our founding, making ourselves a safe haven for foreign direct investment has , along with an immigration policy -- the two key ingredients to our economic growth. closing ourselves off in any way is bad. i think jafta puts a warning light out about doing business in the united states. . that does not mean that we should be anything other than d ogged in our determination to hold people responsible when they commit to render sex -- when they commit horrendous acts. we have proven through our actions. steve: secretary lew, you have been very generous on a especially busy week.

we need to live up to our promise to get you out of here. thank you very much for joining us and your great answers. wishing you good luck. adam: thank you steve for managing this. again, our thanks to secretary lew and the treasury government for including us in the busy schedule. we will allow the secretary to leave in peace, and i will keep the rest of you in your seats for one more minute. we should note that as the institute for international economics, is honored as we were to have the treasury secretary, we have a couple other people coming through today. in 10 minutes will have a presentation by european commission vice president. he is the vice president for social cohesion, vice president

in terms of financial issues and economics at the commission. , later today at one of theng have governor central bank of argentina discussing issues there. we hope you all can join us. thinks again to treasury secretary lew. this meeting is adjourned. [applause] >> tomorrow the head of the wto will talk about global trade and a float out in international commerce. watch live coverage from the national press club in washington dc at 1:00 eastern on c-span. >> on "the communicators" saturday morning we talk with professor of computer engineering at carnegie mellon university about their developments in software and

cars. >> in addition to the catholic you see behind me -- to the cadillac you see behind me. focusxt generation will on using automotive creative technologies completely. they can deal with a lot more scenarios on the road. they should be able to drive on a road they have never seen before. >> watch "the communicators" 6:30 eastern on c-span two. join us next week for the conclusion of cars that talk with each other, and "the road." ♪ >> our c-span campaign 2016 bus is traveling throughout virginia, asking voters which candidate do you support, and why? am a student at hampton

city. this year i am voting for gary johnson. i am doing this because of morals. i feel like america has gone to a point where it is polarized in its politics. gary seems to be in between as a libertarian. he's fiscally conservative but socially democratic. i just feel as if i were to the in place, we'd match. time in kansas city college and i support donald trump because of his immigration issues. and we needed to be stricter on that. >> i am a senior at hampden city college. i support hillary clinton for president of the united states. although she's had her fair share of controversy, her career of public service speaks for itself. she has put in years of work and

i believe she's dedicated to this country. i think you will do the best up when it comes to election day. >> i am a freshman at hampden city. i support gary johnson because i believe you can bridge the partisan divide. >> i am part of team trump. we need a conservative in the white house and the conservative justices and a person that will support her second amendment rights. iknow who a who wrote patriot s and i see donald trump is a patriot. god bless him, and thank you mr. trump. >> voices from the road on c-span. >> the international monetary fund will be holding their international joint meeting this weekend in washington dc. and worldng director bank president held news briefings to discuss their

agenda expanding international trade a alleviatingnd global poverty. this is just over one hour. >> thank you very much, good morning everyone and welcome to the 2016 annual meetings of the imf and world bank. related to see you all this morning. we are on the record as usual. i would ask you to be as short as possible with your questions. we have us with us the managing director of the imf. we also have with us the first to be managing director of the imf. and we will begin in the usual way. i think you have the managing

agenda directly. will begin with opening to rocks from the managing director. >> thank you. good morning to all of you. before i go into the current economic situation, with our recommendations are, i'd like to first of all express our deep concern for the countries that are currently affected by hurricane matthew. are saddened by the reports of lost life, the image, in particular communities in haiti which we have been trying to serve. we stand ready with lines standing by promptly. he will do whatever we can to help. not only have you had my global policy agenda, but you also received the fiscal monitor and global financial sector report. focusingow that we are

growth in 2016 at frequent 1%. -- at 3.1%. and 2017 at 3.4%. the outlook for advanced economies remains subdued. the outlook for emerging and developing economies calls for some guarded optimism. for low income countries are becoming even more challenging, particularly as far as sub-saharan africa is concerned. overall, and this is a point that i made in jakarta two days ago -- made in chicago to growth -- we have seen too low for too long. in and of itself, not good news. but it is also for tile ground for political dynamics that can depress global growth even more.

believe that countries can actually move from the ewrrent new mediocre to a n path. called for a three-pronged approach which includes monetary policy, fiscal policy, and structural demands. that remains essential. what is she is now action. action.is key is now my message to the members of the imf tomorrow will be "action please." we believe there is more to policy than meets the eye. and by exploiting synergies between these three policies we can generate more space in order to help the economy's and resist

those political dynamics i have referred to. we also believe that each country has something to offer. it is not going to be the same. each country can do something. my hope that the end of the annual meeting is that each finance minister will go back do inhinking, what can i , whicho propel growth has for too long benefited too few? for example, went event is lacking and monetary policy is overstretched, fiscal policy cap step up. placeill also help put in the structural reforms that are much-needed, which has been started in some places, but which are seriously lacking full policies. we believe that some countries

have more space. and they should use it. we certainly include categories like category -- categories like canada, germany, and korea. there is no physical space, finance ministers can decide to reallocate spending within the same budget envelope toward productivity and enhancing areas. for instance supporting research and development and financing costs are so low. the first point is that they have to come together. three-pronged approach means preventive policies. one or the other. second we also believe that consistent policies matter. anchor your policies in credible medium-term frameworks. this is seriously lacking.

we have called for the medium-term frameworks for quite a while. whether it's in the u.s., japan, or other places. we believe that can create space to create growth in the short term. while keeping inflation expectations anchored and sustainable. through comprehensive assistance, we believe that it --the time he remembered the italian agenda in order to expand growth higher with 2%. but we are short of that clearly. we believe there needs to be more international corporation. it will benefit all countries. if they pull together in the same direction, the positive

spillovers will reinforce each other. if there is something we are learning it is the strong interconnections between all these areas -- financial trade, growth, that direction. we believe that cooperation and globalization work for all. you have seen my global policy agenda. that is what we call for. we believe more can be done to raise growth now and make it more inclusive. again having a determination to include all in the social contract is great. but there has to be growth in order to allocate amongst everybody. globalization has worked over the years. we don't think it is time to push against it. we believe it is time to push forward with what we know has worked.

it needs to be slightly different. -- theot be inclusiveness and determination to make it work for all and pay attention to those being left out, whether it's the results of technology, digital economy, or international trade by modification of supply chains. that factor has to be taken into account. what does it mean for the imf? it means if we want to address inequality we need a strong international safety net so that countries that feel at risk because of policies determined elsewhere have the tools and financing insurance to respond. in this context i am pleased to note our board approved the extension of zero interest rates on all conditional facilities until 2018. and thereafter if interest rates remain low around the world.

that is important for low income countries to be able to absorb the shock without going to the international markets or relying i am also pleased to announce that the mentorship has responded very positively to my call to maintain the overall lending capacity of close to $1 trillion by expanding access to bilateral borrowing agreements. the new agreements that are being signed this week will run at least through the end of 2019, and will continue to serve as a third line of defense. as you know, the first line of defense is quota, second is new arrangements to borrow, third line will be the bilateral loans. pledgesso far received of $344 billion from 26 members.